How to trade cryptocurrencies at the lowest cost?
Binance's spot trading fee rate is 0.1%, and the contract trading fee is 0.02% for limit orders and 0.05% for market orders.
Many users feel that the fee rates are too high after seeing them.
In response, Binance has launched various methods to reduce fees:
1. Upgrade VIP levels; different VIP levels correspond to different fee rates.
2. Purchase BNB and transfer it to the corresponding account to offset fees; spot trading fees can be offset by 25%, and contract trading fees can be offset by 10%.
3. Register an account with an invitation code; different invitation codes correspond to different ratios, so be sure to consult and understand clearly before filling it out.
